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An annuity pays $5000 each year for 5 years starting today. It pays $6000 per year for year 7 to year 10. The interest rate

An annuity pays $5000 each year for 5 years starting today. It pays $6000 per year for year 7 to year 10. The interest rate are 4% for the first 5 years and 8% for years 6 to 10. What is the present value of these cash flows?

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